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SINGAPORE – Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz.
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Brent crude futures climbed $2.67, or 3.51%, to $78.68 by 2204 GMT, while U.S. West Texas Intermediate crude was at $73.89 a barrel, up $2.48, or 3.47%.
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(Reporting by Florence Tan; Editing by Edmund Klamann)
Copyright Reuters or USA Today Network via Reuters Connect.
This story was originally published July 12, 2026 at 3:12 PM.